The impact of end of federal EV tax credits is being felt in many areas of the auto industry. It reached the factory floors at four General Motors-owned plants in three states as more than 3,400 workers were laid off due to the expected fall in EV sales tied to the end of the $7,500 credit Sept. 30. Find out more at Headlight.News.
It’s been three long years since Subaru sent its iconic WRX STI off into retirement. And there’s been plenty of speculation about whether a replacement might follow. The answer appears to be yes, based on what the automaker revealed during this week’s Japan Mobility Show. But that news conference raised another question: which of the two STI concepts it rolled out – one gas powered, the other all-electric – will actually make it into production? Headlight.News has more from Tokyo.
“Sexy” isn’t a word you’d likely catch yourself uttering when it comes to the Toyota Corolla. “Solid,” sure. “Reliable,” absolutely. But it’s the ultimate in utilitarian design. At least that’s the way it’s been since the long-popular sedan first made its debut in 1966. But if the concept vehicle making its debut at this week’s Japan Mobility Show is any indication, the 13th generation Corolla will be a very different sort of beast. Here’s more from Headlight.News.
Honda rolled out two all-electric prototypes during the media day at the Japan Mobility Show Wednesday, including both an affordable compact hatchback dubbed Super-ONE and the Honda 0 α – which it described as the “gateway” to the new 0 Series EV line-up its getting ready to launch around the world. More from Headlight.News.
Automakers offered plenty of incentives, but without $7,500 in federal government tax credits, sales of new electric vehicles — predictably — flatlined in October. J.D. Power & Associates also estimates sales of new EVs were less than half of the artificially inflated numbers from September. Find out more at Headlight.News.
There were high hopes when Fiat Chrysler Automobiles and the PSA Group officially completed their merger on January 16, 2021. But things haven’t worked out quite as planned, the automaker now known as Stellantis struggling to reverse a sharp decline in sales and earnings. While the company insists it’s on the mend, some wonder if it would be better to consider this a failed experiment and break the company up. That notably includes former CEO Carlos Tavares. Headlight.News has more.
Ford set a new revenue record during the third quarter, and beat Wall Street predictions for their results. However, supplier issues forced the automaker to cut its full-year earnings guidance. Get details at Headlight.News.
Automakers are making adjustments — or massive changes — to their electric vehicle plans after the $7,500 federal tax credit for EVs ended last month. Unsurprisingly, gas vehicles are coming back into vogue. Find out more at Headlight.News.
Tesla revealed its third-quarter operating income dropped 40% compared to the year-ago period despite setting a new record for deliveries and revenue during the period. Officials cited a litany of reasons, but the biggest drivers appear to be tied to tariffs and sales mix. Check out the story at Headlight.News.
The price of that new car, truck or — most likely — SUV you’ve been looking at rose a bit in September. And while it’s easy to look at the window sticker to see how much, there’s another way that hits home: how long will it take you to buy it. Well, last month it took a little more time. Get details at Headlight.News.
When you’ve got one of America’s best-selling product lines you can’t risk resting on your laurels. So, Toyota has pulled out the stops with the debut of the sixth-generation RAV4. It gets not only a new look and an updated array of technology and comfort features but a first-ever GR Sport package. The off-road Woodland package also becomes more capable. Buyers meanwhile, get a choice of either a conventional or plug-in hybrid drivetrain. Headlight.News has this first review.
General Motors looked to be the leader in the electric vehicle market by investing heavily in the segment, and that push crimped its Q3 earnings numbers as it took a $1.6 billion charge to offset investments in its EV operations during the period. However, the company still reported a profit, and investors are happy. Get details at Headlight.News.